Peter Guber buys Warriors

By Mark Lacter | July 15, 2010 11:08 AM

The Hollywood producer is being joined by Joe Lacob, managing partner at private equity firm Kleiner Perkins, CNBC is reporting. Purchase price is a record $450 million (previous record for an NBA franchise was $401 million for the Phoenix Suns). That's a ton of money considering that last December Forbes valued the team at $315 million - and considering that Golden State is among the league's perennial losers. Guber has a history with minor league sports teams



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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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